Friday, May 19, 2017 8:30:56 AM
A lot of people think Jan 2018 is so key because he can get rid of the sr prfd debt and make his own move. This is true, but if they run the capital down to zero or damn close, they can make a move to liquidate and transfer assets to new entity. It almost seems Corker/Mnuchin have some set plan they've discussed.
Watt may be acting on his own, which screws up the above plan. This is why Corker was so pissed last week. Maybe Mnuchin is walking the fence, but I am trusting him less and less.
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